Triveni Engineering Q4 Review - Product Mix To Aid Margin: Dolat Capital

A worker checks equipment at ethanol distillery. (Photographer: Alejandra Parra/Bloomberg)

Triveni Engineering Q4 Review - Product Mix To Aid Margin: Dolat Capital

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Dolat Capital Report

Triveni Engineering and Industries Ltd.'s sales fell 22.4% YoY in Q4 FY21 to Rs 11.60 billion due to lower domestic sugar sales (1.71 million quintal in Q4 FY21 versus 2.48 million quintal in Q4 FY20).

Gross margin expanded by 628 basis points YoY to 32.2% largely on the back of higher distillery sales.

Ebitda margin expansion came in at 168 basis points YoY to 14.2%.

Ebitda fell 11.9% YoY to Rs 1.64 billion largely due to lower sales in domestic sugar business coupled with marginally lower realisation (Rs 32.3/kilogram in Q4 FY21 versus 32.7/kg)

Click on the attachment to read the full report:

Dolat Capital Triveni Engineering Q4FY21 Result Update.pdf

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